I am passionate about the idea of my clients living their best possible financial lives. When I bring this up to people, most of them start talking about their legacy.
My question to you is this: “What kind of legacy are you talking about?”
We shouldn’t allow the idea of a “legacy” to be one that is only financial in nature.
Legacies are memories. They’re times you’ve spent with your family, your grandchildren, and your children. Legacies are spending time with the people who you truly value in your life.
So, what does this have to do with financial planning?
I believe the way you actually create your financial plan should incorporate how you want to live your life. Think of what your perfect life and legacy looks like and work backward from there.
There have been multiple times the financial industry will dictate to you what stocks you should buy, what you should invest in, and so on.
Put that aside for a moment and ask yourself the most important question: How do I want my life to look?
That is the beginning of a well-thought-out plan.
There’s an analogy I often use when explaining this process to clients. It involves the in-depth process of building a house.
When you sit down with an architect to build a home, you have a pretty good idea of what you’re looking for. The architect may ask you questions and offer expertise on the process, but you know a few key things:
What do you like? What don’t you like? What do you envision your home looking like? How do you want your family gatherings, holidays, and memories to look inside your home?
That’s how I believe you should start your financial planning journey.
We don’t believe in pushing a product. For us, it’s about your life and the investments you’ve made along the way. By investments, I mean not only your money. I mean the time and energy you’ve invested in creating a financial life you can be comfortable with
AWHILE back, someone said to me, when a baby is born you have approximately one thousand weeks until they go to college.
What a profound statement.
When I heard that, it made me think about my clients and what happens when they retire. How many weeks of good living do they have? And how many weeks of their best financial life?
The fact that I am able to be a part of that planning decision gives me a feeling I’ll never be able to properly express. It’s an honor and a privilege to help people plan their definition of true wealth.
If you’d like to learn more, call 248.828.8000 or fill out the form below to schedule an appointment with one of our advisors.